ICSID ARB/02/13
Type
Case
Court
International Centre for Settlement of Investment Disputes
Jurisdiction
Jordan, Italy
Taxonomy
Treaties & International Agreements, General Commercial Law, Building Contracts, Infrastructure Projects
Copyright
LexisNexis
Decision date
31 Jan 2006
Catchwords
BITs – Dam Construction – Contract – Jurisdiction
The original dispute concerned a claim for compensation arising from a disagreement between the Government of Jordan and the compant on the amount owed to the claimant for works done under a contract for a dam construction in Jordan. The key issues were whether the Tribunal had jurisdiction under the ICSID Convention and whether the contractual breaches constituted a breach of the Italy-Jordan Bilateral Trade Treaty (‘BIT’).
Salini Costruttori SPA and Italstrade SPA. and The Hashemite Kingdom of Jordan
Facts
The claimants claimed that the Hashemite Kingdom of Jordan or Jordan had breached its obligations under the Italy-Jordan BIT and an investment contract. They sought compensation of approximately US$ 28,000,000.00, or a more precise amount which would be determined during the proceedings, plus interest and financing damages in an amount to be quantified by the Tribunal. They also sought an award ordering the respondent to bear all costs of the present arbitration and to reimburse the claimants of all legal and arbitration expenses incurred and to be incurred for the conduct of the proceedings.